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Daily Debrief: What Happened Today

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Friday, October 14, 2016 - 18:30

The Singapore economy performed worse than the market had expected in Q3, expanding just 0.6 per cent compared to a year ago, according to advance estimates of gross domestic product (GDP) released by the Ministry of Trade and Industry (MTI) on Friday morning.

The Singapore economy performed worse than the market had expected in Q3, expanding just 0.6 per cent compared to a year ago, according to advance estimates of gross domestic product (GDP) released by the Ministry of Trade and Industry (MTI) on Friday morning.

Singapore's exports are expected to have fallen in September due to persistent slack in the global economy and as the latest data from China showed renewed weakness in its trade sector, maintaining pressure for more stimulus in the city state.

Hotel Holdings, which is the Khoo family's holding company of the now-delisted Goodwood Park Hotel, on Friday launched a voluntary unconditional cash offer for all the remaining shares in the company that it does not own at S$43 per share.